Origin Energy Acquires 1.3-GW Wind-Solar Project Developer
- Origin Energy's acquisition of Walcha Energy brings a 1.3-GW wind and solar project duo to their renewable energy fleet, aligning with their goal to expand in New South Wales.
Origin Energy Ltd has acquired Australian renewable energy developer Walcha Energy, which includes a 1.3-GW wind and solar project duo. The deal aligns with Origin's goal to expand its renewable generation and energy storage fleet and increase its presence in New South Wales' New England Renewable Energy Zone. The financial details of the acquisition were not disclosed.
Walcha Energy is behind the development of the Ruby Hills Wind Farm and Salisbury Solar Farm, both located in the southern part of the New England REZ. Origin Energy plans to engage with local communities and complete necessary technical studies for the projects. This move comes as Origin prepares for the closure of the Eraring coal-fired power station next summer and continues to expand its renewable energy portfolio in the region.
What renewable energy projects has Origin Energy acquired from Walcha Energy?
- Origin Energy has acquired the Ruby Hills Wind Farm and Salisbury Solar Farm projects from Walcha Energy
- The projects have a combined capacity of 1.3 GW
- The wind and solar projects are located in the New England Renewable Energy Zone in New South Wales
- Origin Energy plans to engage with local communities and conduct technical studies for the projects
The acquisition aligns with Origin's goal to expand its renewable generation and energy storage fleet - The financial details of the acquisition were not disclosed